07/14/2024
We have a HELOC that is maturing 7/15/2024. Both borrowers are deceased. The son was paying the interest due each month. He does not qualify to put the loan in his name. We have agreed to give him a 90-day extension to either sell the home or get financing to payoff our loan.
I have a copy of each of the borrowers' wills. Everything was bequeathed to the son and daughter equally. The daughter was named as the personal representative of the will and was authorized and empowered to sell, dispose of and convey all property, of every kind and character, which is owned at the time of death. My question is, who has to sign the loan extension documents? Is it the personalrepresentative of the estate?
12/16/2018
Can an Executor of an Estate access a safe deposit box, or does the paperwork have to state "access to any safe deposit box" in the wording?
11/04/2018
We have a customer that has brought in a decree approving first and final accounting and closing of an estate. The administrator has asked us to cut 3 separate checks to the heirs listed in the document. Our issue is the administrator never moved the money into an estate account. It is still in the name of the deceased. Should we ask them to open an estate account just for the disbursements or would it be ok to do it directly from the deceased account?
05/22/2016
I am processing a Small Estate Affidavit that will require the bank to issue several cashier's checks to beneficiaries. Normally the bank charges a small fee to issue Cashier's Checks. Is there a problem charging a fee to issue cashier's checks from a deceased account holders account to pay the beneficiaries.
01/31/2016
A member has passed, and her account was a POD account, with 3 beneficiaries listed. The executor of her estate has come in, asking to transfer the funds to the estate. Do we pay out the beneficiaries, or do we follow the executor, and transfer funds to the estate account?
10/11/2015
We discovered possible fraudulent transactions on a deceased customer's account, there is no executor. We will be compelling a small estate affidavit. My question is; does the individual submitting the small estate affidavit have authority to make a claim against the transactions on the account?
09/07/2015
Can an estate executor name an authorized person on an estate checking account?
07/19/2015
We have a customer that passed away in April, but we have checks dated March, the month before. Can we deposits those checks into a joint account instead of opening an Estate Account?
08/25/2014
Should ChexSystems be run on POAs, Rep Payees, Executors, any fiduciaries?
08/18/2014
Can an et AL appoint themselves as POD on an estate account?